USD/CAD Intraday: target 1.3915
Nov 20, 2024 9:07 PM
target 1.3915.
1.4009 is our pivot point.
Our preference:
target 1.3915.
Alternative scenario:
above 1.4009, look for 1.4044 and 1.4065.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.3990) but above its 50 period moving average (1.3974).
Supports and resistances:
1.4065 **
1.4044 *
1.4009 **
1.3995
1.3981 last
1.3935
1.3915 **
1.3894 *
1.3873 **
Our preference:
target 1.3915.
Alternative scenario:
above 1.4009, look for 1.4044 and 1.4065.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.3990) but above its 50 period moving average (1.3974).
Supports and resistances:
1.4065 **
1.4044 *
1.4009 **
1.3995
1.3981 last
1.3935
1.3915 **
1.3894 *
1.3873 **
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Related Instruments
USD/CAD
1.39641
-0.00158
-0.11%